ASML (NASDAQ:ASML) Shares Down 3.6% – Here’s What Happened
by Scott Moore · The Cerbat GemShares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) traded down 3.6% during mid-day trading on Wednesday. The stock traded as low as $1,478.96 and last traded at $1,496.30. 1,973,258 shares traded hands during trading, an increase of 13% from the average session volume of 1,739,826 shares. The stock had previously closed at $1,552.14.
Wall Street Analysts Forecast Growth
ASML has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, September 30th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, October 15th. Wells Fargo & Company raised their price target on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Argus set a $2,100.00 price objective on ASML in a research report on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $2,079.12.
Get Our Latest Research Report on ASML
ASML Stock Up 5.0%
The firm’s 50 day moving average is $1,677.25 and its two-hundred day moving average is $1,599.85. The firm has a market cap of $549.12 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.80. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.
ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The company had revenue of $13.27 billion for the quarter. As a group, research analysts anticipate that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.
ASML Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th were issued a dividend of $2.1077 per share. This is a drop from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, October 27th. ASML’s dividend payout ratio is presently 17.53%.
Institutional Investors Weigh In On ASML
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of ASML by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 4,839,202 shares of the semiconductor company’s stock worth $8,767,040,000 after buying an additional 101,588 shares during the last quarter. Van ECK Associates Corp boosted its stake in ASML by 31.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after purchasing an additional 592,125 shares during the last quarter. BlackRock Inc. grew its stake in shares of ASML by 4.9% in the second quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock worth $2,550,840,000 after acquiring an additional 59,888 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in ASML by 6.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after acquiring an additional 96,860 shares during the period. Finally, Bank of America Corp DE lifted its position in ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock valued at $2,060,833,000 after purchasing an additional 19,051 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
ASML Company Profile
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.
The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.
Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.
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